Growth Profile

Financial Growth

Royal Gold's compounded annual growth rate over the past decade (June 30, 2007 through June 30, 2017) for revenue and operating cash flow was 25% and 27%, respectively. These financial results were derived from our interests in 38 active mining operations which provide portfolio diversification and revenue stability. Higher average metal prices for the majority of the decade also contributed to our strong performance. Royal Gold has a strong balance sheet and, combined with our growing cash flows, is well positioned for future growth opportunities.

Built-In Growth

In addition to a current portfolio of 39 producing assets, the Company also holds interests in 23 development properties where reserves have been identified and efforts are being made by the various operators to develop the properties.

Footnotes:

Dividends are paid on a calendar year basis. The dividend for calendar year 2017 was $0.96; the dividend paid during the fiscal year 2017 was $0.94.